The Bulk Vitality Storage and Transportation Restricted Firm (BOST) has efficiently held its 2025 Annual Normal Assembly (AGM) at present at its Head Workplace in Accra.
The assembly introduced collectively key stakeholders, together with the Minister for Vitality and Inexperienced Transition, the Director-Normal of the State Pursuits and Governance Authority (SIGA), the Chief Government Officer of the Nationwide Petroleum Authority, representatives from the Ministry of Finance, the Ghana Audit Service, the Board members of BOST and the administration of BOST.
In his keynote deal with, the Minister for Vitality and Inexperienced Transition praised the board of administrators, below the chairmanship of Professor Saint Kuttu, and Administration led by the Managing Director, Afetsi Awoonor, for the superb work they’ve executed over the previous seven months in the direction of enhancing the operational effectivity of BOST.
He additional urged BOST to strategically place itself within the petroleum downstream worth chain to be a serious provider to the trade.
He urged the corporate to speed up innovation and investments that align with the federal government’s inexperienced transition agenda, stressing that “By integrating sustainability into its core enterprise, BOST can cleared the path in constructing a cleaner and extra resilient vitality future for Ghana.”
Talking on behalf of SIGA, the Director-Normal emphasised that BOST should obtain profitability and declare dividends to the Authorities of Ghana by the top of the 2025 monetary 12 months.
On the 2025 efficiency contract signed between SIGA and BOST, he indicated that SIGA expects BOST to display measurable progress in value optimization, income era, and asset maximisation.
He burdened that “The Board and Administration should display accountability not solely to SIGA but in addition to the Ghanaian individuals who finally personal this enterprise. Each resolution have to be justified by its contribution to nationwide growth and worth creation”.
In his remarks, the Board Chairman of BOST reaffirmed the corporate’s dedication to fulfilling its mandate of guaranteeing Ghana’s strategic petroleum reserves and making certain enough storage and transportation infrastructure.
He highlighted BOST’s ongoing investments in infrastructure rehabilitation, digitalization, and enhanced governance on the board degree.
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